06-30-2014 06:18 PM
I have been preapproved for an FHA mortgage, but I need a new car. I am willing to wait until afyer I close to get it, but want to know how long I should wait and how my credit will be impacted. Please help.
07-02-2014 08:19 PM
Do you know if my score will take a major hit by taking out both in a couple months or should I be okay?
07-03-2014 08:04 AM
When you add debt to your credit profile, your scores will be impacted. How much is anyone's guess and yours will be as good as anyone's.
07-03-2014 08:19 AM
It is very possible if you get the vehicle before you buy a house, you won't be able to qualify for the size/price house you currently can purchase. Many times I have seen homebuyers rush out and buy something on an installment payment prior to purchasing a house and the thing they bought, usually a car/truck/vehicle, reduces the amount of the house purchase substantially.
07-03-2014 02:43 PM
Thanks for the advice
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